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Restaurant And Cocktail Bar – Five Days For Sale

Cronulla, New South Wales
Asking Price:
$395,000 (AUD)
Sales Revenue:
$1,456,000 (AUD)
Cash Flow:
$5,860 (AUD)

This Restaurant and Cocktail Bar is located in a prime corner position of a food and retail precinct and in a major Sutherland Shire suburb.

The restaurant is surrounded by high density residential with year round foot traffic and passing trade, the area has a laid back beachside atmosphere.

The business is well established and is currently run under full management with minimal input from the owners.

The dining area is bright and open plan and large bifold doors open onto the very popular outdoor dining area.

The restaurant has been established in its current format for over four years and it currently trades just five days per week (four lunches and five evenings).

There is huge potential to open for breakfast at the weekends, the location is perfect and there is a strong demand from the locals.

If you are looking for a fully managed, well established business with room for growth then this could be the one for you, please contact Paul Leach for more information and an inspection.

Full financial and supporting documentation is available to qualified buyers.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
The business is currently run under full management.

Lease Info
Strong lease in place until 2028. – 4%. increases – A six month bond is required.

Trading Times
5 days – Weds 6pm -11pm Thurs 12pm – 11pm Fri – Sat 12pm. to 12am. Sunday 12pm – 10pm

Size of Premises
Approx. 90 square metres. - Toilets, Full commercial kitchen and store room. Large outdoor seating area (no additional cost)

Opportunity
Extend the trading hours to capture the breakfast trade at the weekends.

The current owners are not working in the business and a more present owner/operator would see an immediate improvement in sales and profit.

**Weekly**
Turnover (inc GST) $28,000.00
Net Profit $5,859.55

Property Information

Real Estate:

Lease

Lease Terms:

Strong lease in place until 2028. – 4%. increases – A six month bond is required.

Location:

Located in a prime corner position of a food and retail precinct and in a major Sutherland Shire suburb.

Premises Details:

Approx. 90 square metres. - Toilets, Full commercial kitchen and store room. Large outdoor seating area (no additional cost)

Business Operation

Expansion Potential:

Extend the trading hours to capture the breakfast trade at the weekends.

The current owners are not working in the business and a more present owner/operator would see an immediate improvement in sales and profit.

Trading hours:

5 days – Weds 6pm -11pm Thurs 12pm – 11pm Fri – Sat 12pm. to 12am. Sunday 12pm – 10pm

Employees:
The business is currently run under full management.

Contact Information

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